Truebill Review for 2022: Can You Save Money With Little Effort?

Nearly everyone considers taking measures to review their finances and seek methods to save dollars at some time in their lives. Saving money doesn’t have to be a personal project, thanks to simple strategies like employing money-saving applications that do all the legwork for you.

Even if the thought of contacting your cable provider, mobile phone provider, or subscription service business makes you nervous, financial software like Truebill can take care of the work for you.

What better method to cut costs than by making use of all the technology that’s out there? Continue reading below to learn more about Truebill.

What is Truebill?

Truebill is a tool for financial management that enables users to better monitor and control the amount of money they spend on recurrent monthly expenses. It was established in San Francisco at the start of 2016.

Since then, the firm has assisted its customers in saving more than one hundred million dollars by locating and terminating unneeded subscriptions, lowering monthly payments, and obtaining refunds on their behalf. 

For more than simply those instant savings, the program helps you identify and adjust your spending patterns to better manage your finances.

Truebill has received overwhelmingly positive feedback from users. There are almost 1,800 positive Trustpilot evaluations from happy users, many of whom complimented the app’s exceptional customer service and financial savings.

How to start using Truebill?

Creating an account with Truebill is super easy. Enter your complete name, email, and password to create an account. 

Step one is to select a billing service. You’ll be requested to search for a billing provider upon signing up. Charter, AT&T, and Comcast are well-known companies on the list.

The second step is to upload your billing records so they can access your monthly bills. There are two methods to go about this. You can go straight via the platform that Truebill provides, or you may manually submit a picture or PDF of the bill.

After that, you’ll have to input your cell phone number and a few other information for them to contact you and keep you periodically updated about the status of your bill discussions.

How does Truebill work?

After signing up for an account with Truebill, you can perform the following functions with it:

Finding and discontinuing subscription services you are no longer using is one of the most essential benefits of Truebill. 

Truebill can do this by linking your bank accounts with the app and analyzing your financial activities in search of subscriptions. After it detects subscriptions, you may decide which ones to retain and which to discontinue.

Truebill’s bill negotiating service is also another feature. A picture of your bills, such as your home phone or cable bill, must be taken and uploaded to use this function. Afterward, TrueBill’s staff will seek different methods to save you money on your monthly utility payment.

Truebill will seek a refund if you are billed an extra charge for excessive spending or service fees exceeding your bank’s minimum level. Even if a refund is not guaranteed, it’s always worth a chance, particularly if You do not need to do it yourself.

Using the program, you can keep tabs on your expenditures and find ways to save money without thinking about it. Your bank accounts must be linked to the app to enjoy these features. Makes it easy to identify where your money is going since it categorizes transactions (and lowest).

As a final step, the app will notify you if you’re approaching a spending limit in any of your spending categories, and you may set a budget for each.

You must set a savings goal inside the app to utilize the savings function. Based on your information about your purchasing patterns, Truebill will decide how much money should be saved and when it should be saved. 

However, you can still prevent unintentional overdrafts by doing this. You may suspend the savings function if you start using it and then change your mind about how you want to save your money. Your funds are FDIC-insured, and you may change or remove your goal anytime.

How much can you save using Truebill?

It is essential to keep in mind that while Truebill saves clients an estimate of hundreds of dollars each month, each customer and bill is different.

Truebill can assist you in determining whether or not you are paying the lowest feasible price for the service you have selected, as well as whether or not they can reduce your bill.

Pros and Cons

Here are some Pros and Cons of Truebill


  • Negotiating your mobile phone and cable bills may receive refunds for specific bank fees.
  • The free version is available.
  • Synchronizes with your financial institutions
  • Subscriptions are found and tracked in a matter of seconds.
  • According to Truebill’s statistics, 80% of users save money by utilizing the service to identify and cancel unused subscriptions and services.
  • Create a budgeting tool for users.
  • They also have a smartphone application.


  • If the service saves you something, the fees are costly.
  • There is no way to refuse or decline savings.
  • Upgrading to Truebill Premium costs anything from $3 to $12 per month.
  • Truebill charges a negotiation fee of 30 to 60 percent of the 1-year savings.

Final Review about Truebill

If you maintain a tight watch on your monthly spending and financial plan, Truebill may not be the best option for you.

Automatic subscription renewals and service disruptions may be automated, which may be helpful if you have too much on your plate already. 

Truebill’s free version is ideal for those who want some assistance in negotiating reduced rates. Truebill doesn’t take a cut if you contact your phone and cable providers directly, so you might save more cash. Truebill, on the other hand, is a financial concierge service that may interest you. On their website, Truebill also provides a great deal of information that may be useful in discontinuing services such as gym memberships.

Who should use the premium version? Anyone who intends to make extensive use of all the services and would like to have them all in one location. This is because you may get many of these advantages, such as automatic cancellation of subscriptions and savings, for free with other providers. However, having everything in one app will save you time in the long run. Truebill’s monthly price is inexpensive when compared to the features it provides.


Is Truebill protected by the FDIC?

Truebill is guaranteed by the FDIC. The Smart Savings function of Truebill deposits your money into an account secured by the FDIC but does not earn interest. This means your money is safe up to a maximum of $250,000 in value.

Is it safe to use Truebill?

Truebill is risk-free to use. The data you provide to Truebill is safeguarded by bank-level security and 256-bit encryption. Truebill never sells or rents your personal information to third parties. 

How much does it cost?

The software is free to download and keep tabs on your expenditure.

Extra premium membership is available via Truebill, and you may choose to pay anything from $3 to $12 each month for it.

Suppose Truebill can successfully negotiate a reduced rate for one of the qualifying providers (or obtains credit while you’re in the event of a service interruption). In that case, you will be responsible for paying at least 30% of your yearly savings. It’s an additional charge for the premium membership.

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